Sold This Today For 21% Profit And Bought This

#altcoins #trading #levels

Traders,

Even while everything else is down we have done very well with this coin, trading in and out as opportunity affords and playing the levels. In one case we banked 61% profit! So, why not continue this winning trend? On this trade, we have a 4.3 rrr with the potential to nearly double our profit from here if we hold. Of course, I am a big believer in selling on 20%+ days in co-incidence with my levels strategy (more on that below), and thus far, I haven’t been able to hold for that long. But I am not disappointed as we are doing much better trading in and out at my levels.

So, here’s how trading levels works. During the last bull run this strategy worked very well for me. Essentially, it goes like this:

1. Identify trend direction. Of course, we like up.

2. Map out horizontal levels. See chart below.

3. Set stops and targets at appropriate levels, trailing stops to levels below on the way up.

4. If on one day the coin pumps 20%+ on the way up and also tags one of our overhead levels, it’s an automatic sell.

5. Wait for said token/coin to come back down to a reasonable level, re-enter, repeat.

Now the coin. The coin that I speak of is, of course…